Operating Companies · Litigation Finance

200 Patents, Zero Revenue - Until The Portfolio Became A Funded Campaign

The Outcome

A Fully Funded Campaign

Capital in place, counsel engaged, targets prioritized, and the evidence built.

On A Funder's Money

The client is pursuing the portfolio's value with a funder's money and specialist counsel, not its own operating budget.

01

The Situation

The company held 200 patents in one of the most valuable technology races of the decade - and none of them were generating a dollar. It knew the portfolio should be producing revenue. What it didn't have was the machinery to make that happen: which patents to lead with, which companies to approach, and how to fund an enforcement campaign without betting its own balance sheet.

The company evaluated multiple service providers for the job and selected Hilco.

02

What We Did

Step 01

Found The Assets Inside The Portfolio

We assessed all 200 patents on the three factors that determine enforcement value - claim scope, detectability, and technical relevance, both current and future - to separate the patents worth building a campaign around from the rest.

Step 02

Ranked The Targets Like A Litigator, Not A Spreadsheet

We developed a target list across multiple market segments and prioritized it on the combination that actually predicts outcomes: market cap, technology exposure, past exposure, and - critically - the jurisdictions where each company could be sued for patent infringement.

Step 03

Built The Full Funding Package

We generated claim charts documenting infringement, a damages model quantifying the opportunity, and a funding memo presenting the case the way litigation funders evaluate it.

Step 04

Placed The Capital And The Counsel

The work product did its job: the client secured litigation funding, and Hilco identified the outside litigation counsel now running the campaign.

Same question, different portfolio? Thirty minutes is enough to find out.

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03

What Happened

A portfolio that had never produced revenue is now a fully funded enforcement campaign - capital in place, counsel engaged, targets prioritized, and the evidence built. The client is pursuing the portfolio's value with a funder's money and specialist counsel, not its own operating budget.

About the author

Karl Maersch is SVP of IP Services at Hilco Global, where he leads the Patent Advisory & Monetization practice. He previously ran IP litigation worldwide at Dow Chemical and served as Associate General Counsel at Eastman Kodak, where his teams generated $550M and $2.0B in IP revenue respectively.

The Cost Of Waiting

Thirty Minutes Is Enough To Know

Autonomous vehicle patents are racing their own expiration dates - the market is being built right now, and damages accrue only against infringement you're positioned to pursue. Every quarter without a campaign is leverage and remaining patent term gone for good. Thirty minutes is enough to tell you whether your portfolio could support the same play.

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